Market Overview: Mexico Sports Nutrition Market:
According to the latest report from MarkNtel Advisors, the Mexico Sports Nutrition Market is projected to grow at a CAGR of approximately 1.53% from 2022-27. MarkNtel Advisors, renowned for evaluating business performance, product portfolios, operational segments, and industry developments, provides stakeholders with accurate market projections and estimates. This commitment to precise insights ensures stakeholders can make informed decisions and remain competitive in the rapidly evolving business environment.
Potential Challenges: High Obesity Rate to Hamper the Market Growth
Obesity is one of the major health concerns among the population of Mexico, where around 72% of the adults are affected by overweight obesity. Furthermore, according to the Organization for Economic Co-operation and Development, during 2020-2050, diseases related to being overweight are anticipated to contribute around 8%-9% of the total health expenditure.
Additionally, the key factor for the rising obesity rate in the country is attributed to the low physical activity of the population. According to the National Institute of Statistics and Geography, around 57.9% of the population, aged 18 years above do not participate in any physical activity. This was accounted for due to the lack of time, fatigue from work, or health problems. Hence, this has been one key challenge that restricts the expansion of the consumption of sports nutrition in the country.
However, the factors, including growing government initiatives to combat obesity in the country, adoption of healthy lifestyle routine, and participation of consumers in physical activities, are expected to flourish the Sports Nutrition market in the upcoming years.
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Insights into Dominant Segments in the Mexico Sports Nutrition Market
The comprehensive analysis of the Mexico Sports Nutrition Market identifies profitable opportunities across various segments, categorized. This detailed segmentation allows potential investors to make informed decisions and optimize returns.
-By Product Type
- Sports Drink
- Sports Supplements
- Sports Foods
-By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Fitness Institutions
- Online Stores
- Other Distribution Channels
-By End-User
- Athletes
- Bodybuilders
- Recreational Users
- Lifestyle Users
-By Consumer Age Group
- Upto 10 Years
- 11 to 18 Years
- 19 to 25 Years
- 26 to 35 Years
- 36 to 40 Years
- Above 41 years
-By Social Class
- Upper
- Middle
- Lower
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Mexico Sports Nutrition Market Geographical Reach:
The report also examines the market's geographical landscape, analysing geographical that dominate in terms of size or volume or show promising future growth.
-By Region
- Mexico City
- Monterrey
- Veracruz
- Puebla
- Others
Prominent Mexico Sports Nutrition Market Competitive Landscape: and Their Strategic Outlook
The report identifies key players and provides an in-depth analysis of their business strategies, trends, innovations, and manufacturing infrastructure. This strategic analysis helps forecast the market presence of these players over the next five years.
- Abbott Laboratorios de México SA de CV
- MusclePharm Corp
- Iovate Health Sciences International Inc.
- Glanbia SA de CV
- Herbalife Nutrition
- Pronat SA de CV
- Twinlab Corp
- Hombreave SA de CV
- Weider Global Nutrition
- Universal Nutrition Inc.
- Others
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Key Questions Addressed in the Report
- Current Market Size and Share: What is the current size and share of the Mexico Sports Nutrition Market, and what growth trends are anticipated shortly?
- Product/Service Demand: How does the demand for specific products/services in the Mexico Sports Nutrition Market look, and what factors contribute to its growth or decline?
- Market Forecast: What is the forecast for the Mexico Sports Nutrition Market in terms of size, growth, and emerging trends over the next few years?
- Market Evolution: How has the Mexico Sports Nutrition Market evolved recently, and what are the latest developments that industry professionals should be aware of?
- Demand Factors: What key factors contribute to the demand for the Mexico Sports Nutrition Market, as outlined in the most recent research report?
About Us
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others.
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